FY2024 EPS Estimates for Premium Brands Lifted by Analyst

Premium Brands Holdings Co. (TSE:PBH) – National Bank Financial boosted their FY2024 earnings estimates for shares of Premium Brands in a report released on Wednesday, February 26th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $3.98 for the year, up from their prior estimate of $3.95. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share. National Bank Financial also issued estimates for Premium Brands’ Q4 2024 earnings at $1.06 EPS, Q4 2025 earnings at $1.40 EPS and FY2026 earnings at $6.18 EPS.

PBH has been the subject of a number of other reports. Raymond James set a C$100.00 price objective on Premium Brands and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Royal Bank of Canada lowered their price objective on shares of Premium Brands from C$100.00 to C$96.00 in a research report on Thursday, November 7th. TD Securities cut their target price on shares of Premium Brands from C$129.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. CIBC lowered their price target on shares of Premium Brands from C$103.00 to C$90.00 in a report on Thursday, November 7th. Finally, National Bankshares cut their price objective on Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$101.67.

Premium Brands Price Performance

PBH opened at C$76.59 on Monday. Premium Brands has a 12-month low of C$74.00 and a 12-month high of C$97.10. The company has a quick ratio of 1.16, a current ratio of 1.51 and a debt-to-equity ratio of 163.00. The firm has a market capitalization of C$3.41 billion, a P/E ratio of 34.09, a PEG ratio of 1.10 and a beta of 0.98. The stock has a fifty day moving average of C$78.35 and a 200-day moving average of C$83.92.

Premium Brands Company Profile

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.